Nonprofit · EIN 56-0556753
LENOIR-RHYNE UNIVERSITY
Tax-exempt · HICKORY, NC 28603
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $81,097,533 | $82,486,697 | -$1,389,164 | $294,583,155 | $74,297,059 | $220,286,096 |
| May 31, 2024 | 990 | $83,689,011 | $90,103,408 | -$6,414,397 | $291,373,063 | $75,928,610 | $215,444,453 |
| May 31, 2023 | 990 | $98,592,040 | $100,020,015 | -$1,427,975 | $291,244,186 | $77,857,640 | $213,386,546 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $8,996,086
- of which government grants
- $372,070
- Program service revenue
- $65,557,939
- Investment income
- $6,549,928
- Net rental income
- -$6,420
- Net gain from sales of assets
- $738,336
- Other revenue
- -$6,420
Expenses
- Grants and similar amounts paid
- $25,400,110
- Compensation of officers, directors and key employees
- $1,811,500
- Other salaries and wages
- $21,078,752
- Salaries, compensation and benefits (total)
- $28,205,570
- Professional fundraising fees
- $0
- Legal fees
- $320,377
- Accounting fees
- $205,700
- Occupancy
- $12,415
- Travel
- $1,833,953
- Depreciation
- $4,250,911
- Program services (functional)
- $68,121,670
- Management and general (functional)
- $12,028,411
- Fundraising (functional)
- $2,336,616
Balance sheet and other
- Total assets, start of year
- $291,373,063
- Total assets, end of year
- $294,583,155
- Total liabilities, end of year
- $74,297,059
- Net assets, end of year
- $220,286,096
- Land, buildings and equipment
- $122,207,391
- Publicly traded securities
- $91,282,748
- Net assets without donor restrictions
- $67,082,512
- Net assets with donor restrictions
- $153,203,584
- Gross unrelated business income
- -$42,735
- Gross receipts
- $92,733,732
- Employees
- 926
- Volunteers
- 75
- Year formed
- 1905
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR FREDERICK K WHITT | PRESIDENT Trustee or director, Officer | 40 | $492,170 | $92,318 |
| Dr JENNIFER BURRIS | PROVOST & VP ACADEMIC AFFAIRS Officer | 40 | $215,238 | $51,271 |
| JEREMY SHREVE | VP BUSINESS & FINANCE Officer | 40 | $193,108 | $59,173 |
| Catherine Niekro | VP Institutional Advancement Officer | 40 | $194,175 | $50,215 |
| LAURA CRAWLEY | VP MISSION ENGAGEMENT & INNOVATION (ended 8/01/2024) Highest-paid employee | 40 | $178,690 | $29,741 |
| Loury Floyd | Assistant Provost for Academic Operations Highest-paid employee | 40 | $157,908 | $31,775 |
| KIMBERLY PATE | VP ATHLETICS (ended 9/17/2024) Highest-paid employee | 40 | $152,646 | $29,719 |
| Douglas Socha | Head Football Coach Highest-paid employee | 40 | $142,648 | $31,341 |
| Wesley N Reid | Assistant Professor and Physician Assistant Studies Program Director Highest-paid employee | 40 | $117,441 | $37,827 |
| BOYD C WILSON JR | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JANIE PARKS PEAK | TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| JEARLD LEONHARDT | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KATHERINE ESCH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MADELEINE S DASSOW | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BOYD GEORGE | TRUSTEE Trustee or director | 1 | $0 | $0 |
20 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS PEEK | TRUSTEE Trustee or director | 1 | $0 |
| CORIE PAULING | TRUSTEE Trustee or director | 1 | $0 |
| EDWARD BEARD JR | AT LARGE Trustee or director | 1 | $0 |
| GABRIELLE KELLY | TRUSTEE Trustee or director | 1 | $0 |
| GEORGE A MORETZ | TRUSTEE Trustee or director | 1 | $0 |
| HANSEL R MCCRORIE | TRUSTEE Trustee or director | 1 | $0 |
| ISAIAH OGLESBY | TRUSTEE Trustee or director | 1 | $0 |
| KATHERINE MCKENZIE | TRUSTEE Trustee or director | 1 | $0 |
| LESLIE LAMBERT | TRUSTEE Trustee or director | 1 | $0 |
| MARGARET JACKSON | TRUSTEE Trustee or director | 1 | $0 |
| MARVIN S EDWARDS | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL THOMAS | TRUSTEE Trustee or director | 1 | $0 |
| PERRELL D BESS | TRUSTEE Trustee or director | 1 | $0 |
| REV CHRISTOPHER WEBB | TRUSTEE Trustee or director | 1 | $0 |
| REV DR ERIC CHILDERS | TRUSTEE Trustee or director | 1 | $0 |
| REV DR TIMOTHY M SMITH | TRUSTEE Trustee or director | 1 | $0 |
| RICK GOERES | TRUSTEE Trustee or director | 1 | $0 |
| STEPHANIE DELGADO | TRUSTEE Trustee or director | 1 | $0 |
| STEPHEN MISENHEIMER | TRUSTEE Trustee or director | 1 | $0 |
| STEVEN CARTER | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 38 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR FREDERICK K WHITT | PRESIDENT Trustee or director, Officer | 40 | $694,530 | $89,439 |
| JENNIFER BURRIS | PROVOST & VP ACADEMIC AFFAIRS Officer | 40 | $215,350 | $58,547 |
| JEREMY SHREVE | VP BUSINESS & FINANCE Officer | 40 | $193,094 | $53,296 |
| CATHERINE NIEKRO | VP ADVANCEMENT, MARKETING&COMM Officer | 40 | $196,161 | $48,978 |
| LAURA CRAWLEY | VP MISSION ENGAGEMENT & INNOVA Officer | 40 | $210,451 | $33,612 |
| AVERY STALEY | VICE PRESIDENT OF DEI Officer | 40 | $165,552 | $14,850 |
| KIMBERLY PATE | VP ATHLETICS Officer | 40 | $135,402 | $37,356 |
| WESLEY N REID | ASTP OF PA/PROGRAM DIRECTOR Highest-paid employee | 40 | $117,373 | $37,465 |
| MICHAEL JACOBS | HEAD FOOTBALL COACH Highest-paid employee | 40 | $125,463 | $27,428 |
| CRAIG SCHREIBER | DEAN OF THE BUSINESS SCHOOL Highest-paid employee | 40 | $128,605 | $20,259 |
| JENNIFER WYATT | Asst Provost Undergraduate Edu Highest-paid employee | 40 | $116,982 | $19,404 |
| SCOTT WEDDINGTON | DEAN EDUCATION & HUMANITIES Highest-paid employee | 40 | $114,279 | $10,245 |
| MADELEINE S DASSOW | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BOYD C WILSON JR | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KATHERINE ESCH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JEARLD LEONHARDT | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JANIE PARKS PEAK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| EDWARD BEARD JR | AT LARGE Trustee or director | 1 | $0 | $0 |
| PERRELL D BESS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVEN CARTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REV DR ERIC CHILDERS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHANIE DELGADO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARVIN S EDWARDS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BOYD GEORGE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICK GOERES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARGARET JACKSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GABRIELLE KELLY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LESLIE LAMBERT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GEORGE A MORETZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HANSEL R MCCRORIE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATHERINE MCKENZIE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHEN MISENHEIMER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ISAIAH OGLESBY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CORIE PAULING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRIS PEEK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REV DR TIMOTHY M SMITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL THOMAS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REV CHRISTOPHER WEBB | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended May 31, 2023: 41 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR FREDERICK K WHITT | PRESIDENT Trustee or director, Officer | 40 | $415,797 | $84,503 |
| JEREMY SHREVE | VP BUSINESS & FINANCE Officer | 40 | $191,068 | $37,448 |
| GARY C JOHNSON | PROFESSOR Former | 40 | $204,208 | $21,079 |
| CATHERINE NIEKRO | VP INSTITUTIONAL ADVANCEMENT Officer | 40 | $188,995 | $32,075 |
| RACHEL NICHOLS | VP ENROLLMENT Former | 40 | $168,574 | $16,444 |
| AVERY STALEY | VICE PRESIDENT OF DEI Officer | 40 | $163,302 | $9,765 |
| CRAIG SCHREIBER | DEAN OF THE CHARLES SNIPES COL Highest-paid employee | 40 | $144,555 | $17,531 |
| JENNIFER BURRIS | PROVOST Officer | 40 | $138,699 | $15,928 |
| KIMBERLY PATE | VP ATHLETICS Officer | 40 | $119,701 | $32,391 |
| MICHAEL R JACOBS | HEAD FOOTBALL COACH Highest-paid employee | 40 | $127,563 | $23,312 |
| WESLEY N REID | ASST PROF. & PROGRAM DIRECTOR Highest-paid employee | 40 | $115,081 | $32,857 |
| MARY SHORE | RECTOR AND DEAN Highest-paid employee | 40 | $114,737 | $14,932 |
| SCOTT WEDDINGTON | DEAN EDUCATION & HUMANITIES Highest-paid employee | 40 | $112,480 | $6,720 |
| LAURA CRAWLEY | VP MISSION ENGAGEMENT & INNOVA Officer | 40 | $113,276 | $5,400 |
| MADELEINE S DASSOW | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BOYD C WILSON JR | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KATHERINE ESCH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JERALD LEONHARDT | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JANIE PARKS PEAK | ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD BEARD JR | AT LARGE Trustee or director | 1 | $0 | $0 |
| REV DR MARK BERNTHAL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PERRELL D BESS | AT LARGE Trustee or director | 1 | $0 | $0 |
| STEVEN CARTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REV DR ERIC CHILDERS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REV RACHEL L CONNELLY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARVIN S EDWARDS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICK GOERES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARGARET JACKSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GABRIELLE KELLY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DEWYONE KING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LESLIE LAMBERT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HANSEL R MCCRORIE | AT LARGE Trustee or director | 1 | $0 | $0 |
| JOSEPH P MCGUIRE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATHERINE MCKENZIE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHEN MISENHEIMER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ISAIAH OGLESBY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CORIE PAULING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRIS PEEK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REV DR TIMOTHY M SMITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL THOMAS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REV CHRISTOPHER WEBB | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 7164, HICKORY, NC 28603-7164
- In care of
- % JEREMY SHREVE
- Principal officer (990 for 2024)
- Summer McGee, PO BOX 7164, HICKORY, NC 286037164
- Signed the 990
- Summer McGee, PRESIDENT
- Phone
- (828) 328-7100
- Website
- WWW.LR.EDU
- Return prepared by
- BDO USA
Mission
PROVIDE EDUCATIONAL PROGRAMS AND CONFER UNDERGRADUATE DEGREES IN APPROXIMATELY 60 ACADEMIC PROGRAMS OF STUDY. THE UNIVERSITY OFFERS 57 DIFFERENT PROGRAMS OF STUDY FOR UNDERGRADUATES AND 24 DIFFERENT PROGRAMS FOR GRADUATE DEGREES.
Program accomplishments
- EXPENSES RELATED TO PROVIDING THE PRIMARY PURPOSE OF EDUCATION FOR UNDERGRADUATE AND GRADUATE STUDENTS.Expenses $59,036,077 · grants $25,400,110 · revenue $53,678,109
- AUXILIARY SERVICES - EXPENSES RELATED TO THE FUNCTION OF FURNISHING GOODS OR SERVICES TO STUDENTS, FACULTY, OR STAFF. EXAMPLES ARE RESIDENCE HALLS AND FOOD SERVICES.Expenses $5,448,626 · revenue $10,771,185
- ACADEMIC SUPPORT - EXPENSES INCURRED TO PROVIDE SUPPORT SERVICES FOR THE INSTITUTION'S PRIMARY MISSION OF INSTRUCTION.Expenses $3,636,967 · revenue $1,108,645
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0556753
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1945
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $294,583,155
- Income (IRS master file)
- $92,733,732
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $81,097,533 | $82,486,697 | $294,583,155 | XML |
| 990-T | May 2025 | – | – | – | IRS |
| 990 | May 2024 | $83,689,011 | $90,103,408 | $291,373,063 | XML |
| 990-T | May 2024 | – | – | – | IRS |
| 990 | May 2023 | $98,592,040 | $100,020,015 | $291,244,186 | XML |
| 990-T | May 2023 | – | – | – | IRS |
| 990 | May 2022 | $120,230,846 | $95,782,413 | $270,721,083 | IRS |
| 990-T | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990-T | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0556753).
Questions about LENOIR-RHYNE UNIVERSITY
- What is the EIN of LENOIR-RHYNE UNIVERSITY?
- The employer identification number (EIN) of LENOIR-RHYNE UNIVERSITY is 56-0556753.
- Is LENOIR-RHYNE UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1945.
- Are donations to LENOIR-RHYNE UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LENOIR-RHYNE UNIVERSITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LENOIR-RHYNE UNIVERSITY due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LENOIR-RHYNE UNIVERSITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of LENOIR-RHYNE UNIVERSITY?
- The 990 for the year ended May 31, 2025 names Summer McGee.
- Who are the officers and directors of LENOIR-RHYNE UNIVERSITY?
- The 990 for the year ended May 31, 2025 lists 35 people; 9 received compensation from the organization, the highest $492,170 (DR FREDERICK K WHITT, PRESIDENT).
- How much revenue does LENOIR-RHYNE UNIVERSITY have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $81,097,533, expenses of $82,486,697 and total assets of $294,583,155 at year end.
Other nonprofits in HICKORY
- HICKORY CHRISTIAN ACADEMY EIN 56-1932672 · last filed 990 for 2025
- CATAWBA COUNTY PARTNERSHIP FOR CHILDREN EIN 58-2139195 · last filed 990 for 2025
- YOUNT FOUNDATION INC EIN 20-5240159 · last filed 990-PF for 2024
- LA VIE CHRISTIAN ACADEMY CORP EIN 83-0722772 · last filed 990 for 2025
- LIFEPREP PROJECTS INC EIN 46-3420968 · last filed 990 for 2025
- PATRICK BEAVER LEARNING RESOURCE CENTER INCORPORATED EIN 56-2160295 · last filed 990-EZ for 2025
- SNOW CREEK ELEMENTARY EIN 27-0776706 · last filed 990-EZ for 2025
- ST STEPHENS HIGH ATHLETIC BOOSTERS EIN 81-5455386 · last filed 990-EZ for 2025